Rising construction costs, slowing GDP growth, fewer new companies

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Rising costs continue to hurt the construction industry, BNP Paribas Real Estate warn, even as the sector overall returned to growth last month. As Eoin Burke-Kennedy, BNP believe the concrete levy the Government announced in last month’s budget is likely to add to construction costs for new homes. The report comes as separate research shows surging demand for office space in Dublin despite economic headwinds.

Those economic headwinds have persuaded Davy Stockbrokers to cut how much it expands the economy to expand next year. Still, as EoinStartups may be seen as a key to economic growth in some quarters. If that’s the case then new data showing the number of new companies16 per cent in the third quarter compared to a year ago. Still, a new report from Bibby Financial Services indicates business confidence among SMEs remains strong.to help alleviate the housing shortage. Ken Foxe has the details.

 

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